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Sold on 9 Apr 2019

270 Main Road Glenorchy TAS 7010

  • Shop & Retail
  • 726 m²
  • Sold

Landmark Investment - Long Lease to ASX-Listed Tenant

    Auction Wednesday 3 April 2019 @ 11am
    River Room, Crown Casino, Melbourne

    Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
    ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
    Lease Term: Ten (10) years
    Lease Expiry: 31 March 2026
    Options: 3 x Five (5) year terms extending to 31 March 2041
    Outgoings: Payable by tenant as per the lease
    Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures

    Prime main road position only 7kms from Hobart CBD
    Wide 67 metre frontage including high exposure to major, traffic light-controlled intersection
    Longstanding, successful car dealership, recently rebranded to Zooper (a thriving A.P. Eagers chain of 70 used car dealerships nationally)
    Modern showroom, offices and workshop with capacity for 130 motor vehicles
    Strategic inner Hobart catchment, with a residential population exceeding 46,000 within the City of Glenorchy
    Affordable investment opportunity offering excellent future growth and possible long term development prospects

    Net income $186,151pa + GST

    AUCTION

    Auction date and time03/04/2019 11:00
    Auction location270 Main Road, Glenorchy TAS
    Darren Beehag
    Burgess Rawson Sydney
    Darren Beehag
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney

    Property Highlights

    Property ID2014998836
    Date Sold9 Apr 2019
    Floor Area726 m²
    Land Area3,996 m²
    ParkingAsk Agent
    Category
    Last updated  9 Apr 2019
    Map for 270 Main Road Glenorchy TAS 7010
    Map for 270 Main Road Glenorchy TAS 7010270 Main Road Glenorchy TAS 7010
    Darren Beehag
    Burgess Rawson Sydney
    Darren Beehag
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney

    Property Highlights

    Property ID2014998836
    Date Sold9 Apr 2019
    Floor Area726 m²
    Land Area3,996 m²
    ParkingAsk Agent
    Category
    Last updated  9 Apr 2019
    Burgess Rawson Sydney
    Level 18, 15 Castlereagh Street Sydney NSW 2000
    Darren Beehag
    Burgess Rawson Sydney
    Darren Beehag
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney
    Billy Holderhead
    Burgess Rawson Sydney
    Darren Beehag

    Darren Beehag

    Burgess Rawson Sydney

    Billy Holderhead

    Billy Holderhead

    Burgess Rawson Sydney

    0411 *** ***
    0411 226 223

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